v3.26.3
Leases and Other Commitments
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Leases and Other Commitments Leases and Other Commitments
The Company has commitments under operating leases for certain facilities, vehicles and equipment used in its operations. Cash used in operations for operating leases was not materially different from operating lease expense for the nine months ended September 30, 2026 and 2025. The Company's leases have a weighted average remaining lease term of approximately six years.
The components of lease expense were as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
(In thousands)
Operating lease cost$22,763 $18,611 $65,715 $61,848 
Variable lease cost4,049 4,551 11,857 11,753 
Total lease cost$26,812 $23,162 $77,572 $73,601 
Supplemental balance sheet information related to leases was as follows:
September 30,
2026
December 31,
2025
(In thousands)
Right of use assets, net$284,603 $273,142 
Lease liabilities included in Accrued Liabilities and other73,646 61,133 
Lease liabilities included in Other long-term liabilities223,679 227,066 
Total lease liabilities$297,325 $288,199 
Maturities of lease liabilities as of September 30, 2026 were as follows:
Lease Liability Maturity Analysis
Operating Leases
(In thousands)
Remaining 2026$22,797 
202777,844 
202861,368 
202949,226 
203038,162 
Thereafter94,700 
Total lease payments344,097 
Less: imputed interest46,772 
$297,325 
The Company does not have any significant leases that have not yet commenced.
Other Commitments
In the ordinary course of its business, the Company issues guarantees, stand-by letters of credit and surety bonds to provide financial or performance assurance to third parties on behalf of its consolidated subsidiaries to support or enhance the subsidiary's stand-alone creditworthiness. At September 30, 2026, the maximum amount of future payment obligations relative to these various guarantees was $518.0 million and the outstanding liability under certain of those guarantees was $193.9 million.